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Lot 19362

Image Information

Type Currency
Title Lot 19362
Country U.S.
Grade About New 50
Service PCGS
Description Salt Lake City, U.T. - Bingham Canyon & Camp Floyd R.R. Co. payable at the Salt Lake City National Bank of Utah $2 Post Note January 15, 1874 Rust 130 Nyholm 129. PCGS About New 50 Apparent. This is a rare and colorful issue with complex titles and obligations. Though it looks like a banknote at first, the issuer is the railroad company, paying the note off in the near future (less than 31 days) at the Salt Lake City National Bank of Utah. These notes come signed and issued and as remainders. This is the listed style, printed on both sides of bond paper by H. Siebert & Bros. 182 William St. New York. The common face type for the series, it shows a train rounding a curve with a telegraph line in the foreground, framed into a circle. Flanking to left is a light red protector "2," and a red protector grill is across the signatures block. At the left is an Indian standing, arm pointing upward, and at the right is standing Athena as America. The obligation designation is engraved, "__days after date will pay to the order of W.B. Welles Treas'r. or Bearer. The back is green with female portraits in all four corners and the obligation at center, "Redeemable/ at the/ SALT LAKE CITY/ NATIONAL BANK/UTAH" with flanking "2" dies. This is a fully signed and issued note with a "15" days post note payable in the clause. One serial number away from the Ford VI note (No. 97), it curiously has the same lower left corner clip. Noted by PCGS as "Paper Toned; Missing LL Corner," the corner just into the frame line. The toning observed is seen on other notes from the issuer we have observed. This is a superior grade type note from the listed red tinted series. Ex: Eric P. Newman Numismatic Education Society. Realized $1,175.00. Newman VI (Heritage Auctions, 4/2015), lot 19362. Description courtesy of Heritage Auctions.

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